As consumers and businesses increasingly head online to pay their bills, their expectations for a convenient, seamless instant payment experience are also rising. In the latest Real-Time Payments Tracker®, Mountain America Credit Union’s Kelly Albiston explains why offering a better bill pay solution is such...
When it comes time to pay their bills, many consumers are turning to their smartphones, while a recent survey by PayNearMe found that 45% of adults in the U.S. would have an easier time paying bills on time if they got a text alert. This...
The global health crisis pushed businesses and consumers to turn online when making many routine transactions, including bill payments. However, his shift led both to expect more from their banks or billers when making these payments. Customers are now asking for more transparency in their...
The Clearing House (TCH), which operates the RTP network, announced Wednesday (April 6) it is increasing the value limit for payments on the network to $1 million. In an announcement posted on the company website, TCH said the increase comes as the transaction volume and...
Consumer authentication service PopID and Visa have partnered to launch facial verification payment acceptance in the Middle East, the companies announced Tuesday (April 5). The goal of the collaboration is to provide cardholders with a safe and innovative way to pay, the firms said. Among the...
Real-time payments for car dealers are being introduced by TD Bank’s auto finance division, which provides funds throughout the day as contracts are signed. TD Auto Finance is the first indirect lender and the first major auto lender to offer the means for real-time payments...
Payfare Inc., the FinTech that allows instant payouts and digital banking solutions for the gig economy, broadened its partnership with Visa across the U.S., according to a joint press release. Payfare, which secured its Visa Ready for Fintech Enablers certification and expanded its platform with...
U.S. Bank and online car dealer Driveway have teamed up to pay car sellers immediately with real-time payments. As the two companies said in a news release Wednesday (March 23), customers selling a car on Driveway.com can now have payments automatically deposited to their bank...
Visa on Wednesday (March 23) announced DoorDash Fast Pay, a new feature that’s part of its collaboration with delivery platform DoorDash that enables faster payouts to drivers across Canada, according to a joint press release. DoorDash Fast Pay is powered by Stripe’s Instant Payouts portal...
